Bitcoin is currently trading at approximately $107,800, influenced by a significant $215 million selloff from a major holder who has shifted investments to Ethereum. This development has sparked discussions regarding institutional strategies in the crypto market. On September 1, Coinglass reported a $151 million net outflow from exchanges, highlighting ongoing selling pressure. Technical analysis indicates Bitcoin is constrained by a descending trendline, with resistance levels at $109,000–$110,000 and support at $107,000. The Relative Strength Index (RSI) suggests oversold conditions, yet a confirmed reversal has not materialized. The supertrend indicator remains bearish below $116,400, underscoring the importance of Bitcoin reclaiming higher resistance levels to maintain its broader bullish structure. Analysts are divided, with some forecasting a potential rally to $265,000 if historical patterns hold, while others warn of a possible decline to $101,000 if support levels fail.